In his September Marketimer, Bob Brinker wrote very highly of the "extraordinary" high levels for the 10-day and 60-day moving average of the CBOE put/call ratio.
Click graph to view full sizedThe CBOE (Chicago Board Options Exchange) Put/Call Ratio (CPC) is the ratio of the trading volume of put options to call options. Bearish investors buy put options that gain in value when the market goes down. Bullish investors buy call options that gain in value when the market goes up. A high put/call ratio is bullish for us contrarian investors.
I track the 10-day and 66-day moving averages of the put call ratio. 66 days is three months. As the graph shows, the 66-day and 60-day moving averages are nearly identical and both are at record high levels. This is GREAT NEWS for us bulls!!!
- Get my newsletter with its buy and sell levels for my explore stocks I feel are ready to explode TODAY!
- Subscribe NOW with a credit card and be ready for Monday's market open!!!
2 comments:
ahhhh, what happened to the Suite 101
forum you moderate?
You left no final message on the board?
They moved to facebook and here. There is a link on the Bob Brinker fan club page that sends a request to get an invitation to the facebook group.
Did you hear today's show? We had football here.
Post a Comment